“We are in favor of raising it, and we will be encouraging policy
makers to increase it,” Scott Talbott, the senior vice president
for public policy for the Financial Services Roundtable, told me
today. He added that the group was gearing up to communicate the
demand for action to Congress, an effort that could include
sending letters to every member. “We will communicate with the
entire Congress,” he said.

“The markets have baked in the fact that Congress will make the
shot at the buzzer,” Talbott said. But he warned: “If they don’t
make the shot, the first trading day after, the markets will go
haywire.”

The FSR's voice on this matter could actually make an impact on
Republican lawmakers? Why? Because the FSR is a big GOP donor,
that's why. In 2012 the group had a bit less than half a million
dollars to shell out, and 69% of that went to Republicans,
according to OpenSecrets.com.